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Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
Written by article default Friday, 18 February 2011 07:07
USDCHF
USDCHF closed @ 9495 which was BELOW the open and breached the previous day's low. The High was 15 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Zone 5 (U Turn Zone). The Hourly Oscillators are Bearish and the Price is Below the MA, so the Bulls have to be Sidelined. Hourly Trend is Sideways Down while 9625 holds and Daily Trend is Turning Down while 9775 holds, so expect the Price to be Choppy with a potential to Break Lower. The Daily Trend breached the Prior Day's Low but the Bears were holding till the Close which signifies some more Weakness . The Price is below the MA's and the Oscillators are suggesting Weakness but may be limited . The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Choppy session with a limited Downside Bias, 9540/9625 are the Critical levels to watch to maintain the Bearish Outlook. The Opening Price Principles are Mixed , so Cautious approach is needed until the Price breaks out of Zone 2 levels.
BULLS: 9465 9400 9330 BEARS: 9550 9600 9650
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
AUDUSD
AUDUSD closed @ 10120 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Tgt 2 and the Low was 10 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish and the Price is Above the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways Up while 10035 holds and Daily Trend is Sideways while 9805 holds, so expect the Price to be Choppy with a potential to Break Higher. The Daily Trend breached the Prior Day's High but the Bulls were holding till the Close which signifies some strength . The Price is above the MA's and the Oscillators are suggesting some strength. The Hourly Trend has been in a Range Trading and the Patterns are suggesting a Choppy session until the Break and it is due for some pullback,10075-35 are the Critical levels to watch to maintain the Bullish Outlook. The Opening Price Principles are Mixed , so Cautious approach is needed until the Price breaks out of Zone 2 levels.
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USDCAD
USDCAD closed @ 9845 which was UNCHANGED from the open and was within prior day's trading range. The High was 15 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Zone 1. The Hourly Oscillators are MIXED and the Price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 9925 holds and Daily Trend is also Sideways while 10085 holds, so expect the Price to be Choppy until the Breakout. The Daily Trend was within the Prior Day's Range but the Price Closed unchanged which signifies a Range Trading with some Weakness. The Price is within the MA's and the Oscillators are suggesting Mixed Signals. The Hourly Trend has been in a Range Trading and the Patterns are suggesting that the Break of 9820-00 levels is critical for the Bears, 9890/9925 are the Critical levels to watch to maintain the Bearish Outlook. The Opening Price Principles are Mixed , so Cautious approach is needed until the Price breaks out of Zone 2 levels.
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Today's Strategies: Get the full report by visiting Precise Trader for a Free Trial.